Questions 5, 6, and 7 refer to the following information The following cost functions apply to X Company's regular production and sales during the year: Cost of goods sold: $6.53 (x)+$124,407 Selling and administrative expenses: $1.43 (X) $73,923 where X is the number of units produced and sold. During the year, X Company sold 60,100 units for $18.00 each. At the end of the year, a company offered to buy 4,790 units but was only willing to pay $11.00 each. X Company had the capacity to produce the additional 4,790 units. 5. If X Company had accepted the special order, firm profits would have increased by Submit Answer Tries o/3 6. Consider the following three changes. Direct material costs on the special order would have increased by $0.74 per unit, direct labor costs on the special order would have decreased by $0.39 per unit, and X Company would have had to rent special equipment for $1,500. Independent of your answer to (5), the effect of these changes would have been to reduce profit on the special order by Submit Answer Tries 0/3 7. In order to retain all of X Company's regular customers, it would have had to reduce the regular selling price by $0.37. If the selling price were reduced and next year's unit sales turned out to be the same as this year's sales, firm profits would have fallen by Submit Answer Tries 0/3